Altcoin Analysis: GoChain Seems Primed to GO

2019 looks increasingly promising for GoChain. They have a plethora of developments in the works. Many of these developments take shape in the form of other entire cryptocurrency projects. With such an elaborate second quarter planned it seems GO is preparing themselves for a market turn around.

Updated Roadmap

GoChain announced an updated roadmap in Q1 of 2019. What was the focus of this updated roadmap and why now? The pivot toward working with Enterprise Companies to go after real world adoption was the intention.

Was it successful?

Likely, yes, but time will tell.

GoChain recently implemented iris scanning software that can allow a user to access their wallet or a blockchain platform through iris scanning technology. What will this technology be used for in the future? It seems likely a well-known company will become interested in acquiring it, or implementing it.

Which Companies is GoChain Currently Working with?

GoChain impressively signed DISH Network (Satellite TV Company) as a block signer on their permissioned blockchain, based on their Proof of Reputation consensus model. More importantly, they intend to collaborate and co-brand on future projects.

Having a node in a Fortune 200 company’s portfolio coupled with their long term interest in blockchain implementation and collaboration make this partnership a very important one. The more legitimate, real-life partnerships blockchain based companies and tokens establish, the higher their likelihood for success.

DISH Network plans to collaborate with GoChain on any future blockchain projects while already having been approved for a Node. A commitment to maintaining a signing node makes DISH Network heavily integrated in both blockchain tech and GoChain.

Sources very close to GoChain have further illustrated how their roadmap pivot was because they were working with even larger tech companies regarding blockchain, and have behind the scene deals in the works.

Could an Apple, IBM, Microsoft, or other major tech company be on the cusp of announcing a partnership with GoChain? Having recently on-boarded DISH as a signing node and for collaboration, it seems likely more partnerships are in the works.

Voting on the Blockchain

GoChain seems to prepare itself for voting with: iris scanning ability, identification built into the blockchain, coupled with voting disasters in many nations (rigging elections).

Even more impressive than what GoChain could do, is what GoChain is actually doing. Currently one of the team’s senior members is meeting with the heads of government of one particular nation to implement national IDs and ultimately e-voting using their blockchain technology.

Like many nations in the prior few years, their most recent election resulted in nothing short of a disaster. There were allegations of voter fraud, misconduct, rigging, and everything in-between.

However, on a transparent blockchain requiring iris identification, it seems unlikely any of those issues will remain. If able to seal a deal with a major nation regarding bringing their elections to the blockchain GoChain and the GO token will likely exponentially appreciate in value.

With their senior team members pushing the envelope with their current location and desire to bring real-world companies onto the blockchain, it seems GoChain is ready for just that. To GO!

BUIDLing

Many blockchain companies fell apart during this bear market. GoChain alternatively took the time to build. They have been building a suite of applications to be used in coordination with the GO token.

One of their premier applications is in Beta testing and is almost identical to what FileCoin wanted to produce. FileCoin raised $200 million in their ICO and GoChain with a market cap less than 10% of that is about to release their MVP almost identical to what FileCoin had promised. With a suite of applications about to be released, it seems GoChain is timing the market impeccably for a sliver of green.

Between being the first to facilitate iris scanning on the blockchain while also building a suite of applications that mimic other projects entire roadmaps, it is clear. GoChain has persevered mightily through a tumultuous year and a half.

The next few months will be very exciting as GoChain continues to unveil what they spent all year building behind the scenes.

Network > Net-worth

What did GoChain just pivot to becoming in their recent roadmap update? A blockchain solution along with a Proof of Concepts solution for real world companies. Co-founder and CTO, Travis Reeder, was also just added as an advisor to Salesforce. Salesforce is a publicly traded company with a market cap of approximately $120 billion. There is no coincidence here, GoChain is positioning themselves to help integrate real world companies onto the blockchain.

The Future of GoChain

GoChain spent the entire bear market building and positioning themselves for 2019 and beyond. Having shifted their original focus they are beginning to get the type of attention they deserve.

The remainder of 2019 will likely produce partnerships that last years while also helping integrate real-world companies into the blockchain space. GoChain is not a short term hold but one of the few likely coins to remain pertinent into the long term.

Already having signed a deal with DISH Network it is likely many other companies follow. This collaboration and awareness building will drive new users to both the GoChain platform and community.

GoChain is on the cusp of releasing a suite of GO specific applications, more likely partnerships and integrations, and the very likely possibility of placing a country’s entire elections on the blockchain.

GoChain is primed to GO!

[Disclaimer: This views expressed in this article do not reflect the views of Blockchain Reporter and should not be taken as financial advice.]

To read the Crypto King’s prior articles or to get in contact directly with him, you can on Twitter (@JbtheCryptoKing) or Reddit. The King is the founder of PocketNode, ANON and actively trades cryptocurrencies.

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After having worked at an IT consultancy as an SAP Finance/FSCM consultant for more than two years, Aisshwarya switched to the decentralized world of cryptocurrencies and the blockchain technology. Currently, Aisshwarya works as the Chief Editor at Blockchain Reporter.

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